The whole Adani issue is around the US Regulator SEC pointing at:
- Adani raising $1.3 billion Syndicate Loan from US financial institutions
- Adani offering $750 million bond to US retail investors
In both cases, Adani allegedly mis-stated that they are in line with the anti-bribery US regulation while they were actually involved in bribing Indian Govt officials.
The problem is violation of that particular regulation, and misleading US institutions and retail investors.
https://t.me/wealthindia_stockmarket